513.436. Exemption limited by lien. - Missouri Statutes

Exemption limited by lien.

513.436. No property upon which a debtor has voluntarilygranted a lien shall, to the extent of the balance due on thedebt secured thereby, be subject to the provisions of thischapter or be exempt from attachment or execution.

(L. 1987 H.B. 484 § 1)

Effective 7-15-87

(1987) This section is as a conclusion of law unconstitutional for having been passed by the legislature in a manner that failed to conform with Section 23 of Article 3 of the Missouri Constitution that a bill contain only one subject and thus was ineffective to deny avoidance of lien of creditor by debtor. In re Darrell L. Sapp, 81 B.R. 545, Bkrtcy (W.D.Mo.).